Coinbase Announces Shib Will Reach $16:00
Coinbase, one of the world’s leading cryptocurrency exchanges, recently announced that Shib will reach $16:00. This news sent shockwaves through the crypto community, as Shib had previously been trading at around 12 cents. The announcement was made in response to the launch of the Sheba Inu test net, which is a layer two blockchain solution. This news has caused Shib’s price to skyrocket, with the coin now trading at around $14.00.
Shib’s Price Prediction Updated
The news of Shib’s impending price surge has caused many analysts to update their price predictions. Many analysts are now predicting that Shib will reach $20.00 in the near future. This is a significant increase from the previous predictions of $15.00. The increase in price is being driven by increased demand for Shib, as more and more investors are looking to invest in the coin.
Shib’s Market Cap Increases
The news of Shib’s impending price surge has also caused its market cap to increase. Shib is now the 13th most valuable digital asset in terms of market value. This is a significant increase from its previous ranking of 17th. The increase in Shib’s market cap is due to the increased demand for the coin, as more and more investors are looking to invest in it.
Increased Trading Volume
The news of Shib’s impending price surge has also caused its trading volume to increase. Over the course of the day, Shib’s trading volume has increased by around 200. The majority of these trades are taking place on Binance and Coinbase. This increased trading volume is indicative of the increased demand for Shib, as more and more investors are looking to invest in the coin.
Altcoins Experiencing Huge Rallies
The news of Shib’s impending price surge has also caused altcoins to experience huge rallies. This is because traders are investing their profits from large cap assets back into smaller ones. For this reason, Crypto Quant data shows that on January 10th, over 14 trillion Shib tokens were placed on exchanges, which was a huge increase in the amount of tokens being sent to exchanges.
Coinbase Announces Shiba Inu Price Prediction
Coinbase, the leading cryptocurrency exchange, announced today that it expects the price of Shiba Inu (SHIB) to reach $16 by the end of the day. This prediction comes after the coin has seen a significant price increase in recent weeks, reaching a high of $1.37. The exchange believes that the current spike in price is due to the Futures Market, and that the coin could become more volatile if people with long positions start to sell.
Cherum Layer 2 Network to Run on Ethereum
The Shiba Inu team has recently announced the launch of Cherum, a layer 2 network that will run on Ethereum. This network is designed to keep costs low and speed up transactions for the ecosystem’s coins. The team has stated that their main goal is not to drive up prices, but to provide a better experience for their users.
Traders Should Be Cautious
Despite the recent price increase, traders should be cautious when investing in Shiba Inu. The daily time frame of the Relative Strength Index (RSI) shows that the coin is currently trading in the neutral zone. This could be a subtle indication that early market bulls are moving towards a waterfall, where they may be forced to sell in the coming weeks.
Coinbase Announces Shiba Inu Listing
Coinbase, the leading US-based cryptocurrency exchange, has announced that it will be listing Shiba Inu (SHIB) on its platform. This news has sent shockwaves through the crypto community, as the coin has seen a meteoric rise in price since its launch in May 2021. The listing on Coinbase is expected to further propel the coin’s price, as it will give more investors access to the coin.
Price Prediction Updated
The news of Coinbase’s listing of Shiba Inu has caused the price of the coin to skyrocket. Analysts have updated their price predictions for the coin, with some expecting it to reach $16.00 by the end of 2021. This would represent a significant increase from its current price of 800 cents.
Bullish Split Ships
The recent surge in the price of Shiba Inu has been attributed to a number of factors, including the bullish split ships. These are large orders placed by investors that are designed to drive the price of the coin up. The smart money is also believed to be at the level of liquidity above the hidden bearish split ships, increasing the chance of a further price increase in the future.
Dogecoin vs. Shiba Inu
The rise of Shiba Inu has been compared to that of Dogecoin, the first meme coin. While Dogecoin has been around since 2013, Shiba Inu has only been around since 2021. However, the two coins have been showing similar signs of a possible breakout. Both have been sagging at the 200 day moving average for more than 4 days, which could have been a buildup period before the breakout we saw today.
O Japan Adds Support for Shiba Inu
The Japanese trading site o Japan has added support for Shiba Inu, the second largest meme coin by market capitalization value. This news has further increased the coin’s popularity, as it will give more investors access to the coin. The branch of the exchange that is based in San Francisco, the latest news about Shiba Inu coin, says that the market is still going down and that not much can be expected from it.
Coinbase Announces Shiba Inu Coin Listing
Coinbase, one of the world’s leading cryptocurrency exchanges, recently announced that it will be listing Shiba Inu Coin (SHIB) on its platform. This news has been welcomed by the crypto community, as it marks the first major exchange to list the coin. This is a major milestone for the SHIB project, as it will now be available to a much wider audience.
Price Prediction Updated
The price of SHIB has seen a significant spike since the announcement, with many investors predicting that it could reach $16.00 in the near future. However, there is still some uncertainty surrounding the future of the coin. Different experts have different opinions on the matter, with some predicting that the price could reach as high as $269, while others are more conservative and predict a price of $185.
Whales and Retailers Driving Up Demand
Whales and retailers have been driving up the demand for SHIB, with the amount of money stored in the coin increasing steadily. If more buy orders are placed, the price of SHIB could reach $361 in a week. However, if trends are going down, the price could stay at $2 cents.
Global Fame and High End Customers
The SHIB project has been gaining traction, with luxury brands becoming more open to it. This could lead to global fame and a flood of high-end customers, which could push the price up to $437. On the other hand, if buyers can’t keep up with the demand, the price could drop to $318.
Coinbase Announces Shiba Inu Listing
Coinbase, one of the world’s leading cryptocurrency exchanges, has announced that it will be listing Shiba Inu (SHIB) on its platform. This news has sent shockwaves throughout the crypto community, as the token has seen a meteoric rise in the past few weeks. The listing is expected to take place in the coming weeks, and it is expected to have a huge impact on the price of SHIB.
Price Prediction Updated
The news of the Coinbase listing has caused many analysts to update their price predictions for SHIB. Many experts are now predicting that the token could reach $16 by the end of 2021. This would represent a huge increase from its current price of 12 cents. If this prediction proves to be accurate, it could be a great opportunity for investors to make some serious profits.
Shiba Inu Network Launches Test Net
The Shiba Inu network recently launched its test net, which is a layer two blockchain solution. This news has been welcomed by the crypto community, as it could pave the way for more advanced features and applications. The launch of the test net is expected to have a positive impact on the price of SHIB, as it will increase the utility of the token.
Increased Demand for SHIB
The demand for SHIB has been steadily increasing in recent weeks, as more and more people are looking to invest in the token. This increased demand has been driven by the news of the Coinbase listing, as well as the launch of the test net. The increased demand has caused the price of SHIB to skyrocket, and it is expected to continue to rise in the coming weeks.
The news of Shib’s impending price surge has caused its price to skyrocket, with the coin now trading at around $14.00. The news has also caused Shib’s market cap to increase, as well as its trading volume. Furthermore, altcoins are experiencing huge rallies as traders are investing their profits from large cap assets back into smaller ones. All of this news has caused many analysts to update their price predictions, with many now predicting that Shib will reach $20.00 in the near future.
Coinbase has predicted that Shiba Inu will reach $16 by the end of the day. The team behind the coin has launched Cherum, a layer 2 network that will run on Ethereum, in order to keep costs low and speed up transactions. However, traders should be cautious when investing in Shiba Inu, as the coin is currently trading in the neutral zone. This could be a sign that early market bulls are moving towards a waterfall, where they may be forced to sell in the coming weeks.
The recent news of Coinbase’s listing of Shiba Inu and the addition of support from o Japan has caused the coin’s price to skyrocket. Analysts have updated their price predictions for the coin, with some expecting it to reach $16.00 by the end of 2021. The bullish split ships and smart money are also believed to be at the level of liquidity above the hidden bearish split ships, increasing the chance of a further price increase in the future. With all these factors in play, it is likely that Shiba Inu will continue to rise in price in the near future.
The listing of SHIB on Coinbase is a major milestone for the project, and the price has already seen a significant spike as a result. However, the future of the coin is still uncertain, with different experts predicting different prices. Whales and retailers have been driving up demand, and if luxury brands continue to become more open to SHIB, it could lead to global fame and a surge in high-end customers.
The news of the Coinbase listing and the launch of the test net have been welcomed by the crypto community. These developments have caused the price of SHIB to skyrocket, and many analysts are now predicting that the token could reach $16 by the end of 2021. The increased demand for SHIB has been driven by these developments, and it is expected to continue to rise in the coming weeks.
